Georgia

Consumer Loan

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Consumer Loan

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Product Name

Consumer Loan (Secured)

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Product Description
  1. Consumer Loan proceeds are intented for member’s personal expenses.
  2. Consumer Loan may be refinanced provided the following three (3) conditions are met:
    • Applicant is class A, B, or C+ Borrower;
    • Had already paid 50% of the loan; and
    • Had already reached half of the term.
  3. Consumer loan is entitled to Patronage Refund.
  4. The term and co-makers will be based on the Policy on Number of Co-Makers.
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Loan Ceiling : P100,000.00
Maximum Term : 36 months
Mode of Payment : Monthly, semi-monthly, weekly, or daily

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Documentary Requirements

Recipients

  • Proof of Income-Certificate of Employment, Pay Slips
  • Valid ID
  • Proof of Billing
  • All members with stable source of income, maintaining the required Share
  • Capital Deposit, and willing to open a Power Savings Deposit (if employed, must be in his/present job for at least two years)
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Product Name

Consumer Loan (Unsecured)

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Product Description
  1. Consumer Loans are loans the proceeds of which are intended for members’ personal expenses such as vacation expenses, debt consolidation, home improvements, car repair, etc.
  2. Consumer Loan may be refinanced provided the following three conditions are met:
    • Applicant is class A, B or C+ Borrower;
    • Had already paid 50% of the loan; and
    • Had already reach half of the term.
  3. Consumer Loan is entitled to patronage refund.
  4. The term and co-makers will be based on the following loan brackets:
Delete

Loan Ceiling : P30,000.00
Maximum Term : 18 months
Mode of Payment : Monthly, semi-monthly, weekly, or daily

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Documentary Requirements
  1. Proof of income such as certificate of employment, pay slip, business permit (most recent), job/product order forms, invoices, proofs of billing, etc. whichever is applicable depending on source of income.

  2. Community Tax Certificate
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